Posted on 16. Aug, 2010 in Victoria

Victoria’s regional goods exports have skyrocketed during the past decade and now account for almost half of the state’s goods exports.

Industry and Trade Minister Jacinta Allan said that according to ABS data, regional Victoria now accounted for 51 percent of Victoria’s total goods exports, up from 43 percent in 2000.

“The Brumby Labor Government’s strong leadership is keeping our economy heading in the right direction and Victoria is generating more jobs than any other state,” Ms Allan said.

“The good news for regional Victoria comes as exporters across the state have defied a fluctuating Australian dollar, the Global Financial Crisis and weak overseas economies to grow their exports from $25 billion per year in 2000 to more than $31 billion in 2009.

“This means that with the help of the Brumby Labor Government’s strong economic management and business assistance, regional Victoria is gaining a bigger slice of a bigger pie.

“More exports means more local jobs especially in regional Victoria where we are working shoulder to shoulder with communities to drive a new era of prosperity and opportunity.”

Ms Allan said growth in goods exports had been spurred on by the Brumby Labor Government’s leadership in helping penetrate the growing markets of India and China.

“By focussing on major developing economies like India and China, we’ve helped position Victoria’s exporters to move into a period of economic growth,” she said.

Ms Allan also announced further support for Victorian exporters.

“We will provide $110,000 to assist the Australian Institute of Export’s 2010/2011 program which provides invaluable advice to Victorian exporters to ensure they are targeting the right markets at the right time,” she said.

Ms Allan said the Brumby Labor Government had provided other strong support for industry by slashing payroll tax by $193 million in our recent budget, offering the highest first home owners boost of any state to encourage construction, investing more than $11.5 billion in vital infrastructure projects to create jobs, and launching the Competitive Business Fund to help Victorian businesses better target national and global markets.

“These bold initiatives are in addition to the regional business support contained in our Ready for Tomorrow regional blueprint, our $316 million skills training reforms, our industry support program and the many other business assistance measures available through Government,” she said.

“We have also strengthened the Victorian Industry Participation Policy to boost local content for major government projects.”

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